8. Robinhood Restricting Trading in Some of the Stocks
Robinhood is a trading app for regular investors. It’s rather popular because it allows commission-free trading. After the trading frenzy instigated by Redditors, Robinhood announced on Thursday that the company was restricting trading on a number of stocks, including GameStop.
It later explained that it restricted trade not to stop people from buying these stocks, but because of the volatility of those stocks. This volatility forced the company to come up with 10 times the deposit requirements it had a week earlier in order to execute those trades.